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Benzinga
104 days

Johnson Controls Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. JCI's Q2 earnings expected at 80 cents per share, up from 78 cents last year. 2. Projected revenue of $5.66 billion, down from $6.7 billion a year prior. 3. Dividend of 37 cents per share approved on March 12 by JCI's board. 4. Recent analyst ratings show mixed sentiments with price target cuts. 5. JCI shares fell 0.6% to close at $88.81 before earnings release.

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FAQ

Why Bearish?

The downward adjustment of price targets by multiple analysts indicates reduced market confidence. Historical examples include similar price target cuts leading to declines in stock prices.

How important is it?

Earnings reports heavily influence JCI's stock performance; underlying estimates and analyst commentary will sway investor sentiment.

Why Short Term?

Analyst reactions to earnings reports often result in immediate price reactions, evident from past earnings cycles affecting JCI's trading.

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